58 Pa. Code § 441a.11a

Current through Register Vol. 54, No. 25, June 22, 2024

Section 441a.11a - Duty to maintain financial suitability

A slot machine licensee and its intermediaries, subsidiaries and holding companies shall, at all times, remain financially suitable. In determining whether a licensee is financially suitable, the Board will consider the following factors:

(1) The ability to develop and maintain the proposed or licensed project.

(2) The ability to obtain financing and meet its financial obligations.

(3) The ability to maintain a steady level of growth of revenue.

(4) The historical financial suitability and financial wherewithal of the slot machine licensee, its intermediaries, subsidiaries and holding companies.

58 Pa. Code § 441a.11a

The provisions of this § 441a.11a adopted June 12, 2015, effective 6/13/2015, 45 Pa.B. 2829.

The provisions of this § 441a.11a issued under 4 Pa.C.S. §§ 1202(b)(9)-(23), 1205, 1206(f) and (g), 1207(1) and (2), 1208(1)(iii), 1209(b), 1212, 1213, 13A11, 13A12-13A14, 13A15 and 1802 and Chapter 13.